Financial

Ardmore Group Ltd has plunged deeper into the red amid losses on legacy jobs and the collapse of its contracting arm following a “significant” adjudication award. The release of audited accounts for the year to 30 September 2024 – following a four-month delay – showed the group’s pre-tax loss quadrupled…

A third of the UK’s listed construction companies issued profit warnings last year, with project delays and cancellations among the main reasons, according to a new report. EY-Parthenon’s latest Profit Warnings study shows the 36 firms in the FTSE Construction and Materials sector issued 18 profit warnings between them last…

Construction activity in the final quarter of last year remained subdued, although infrastructure and public housing workloads saw some improvement, according to the latest Construction Monitor from the Royal Institution of Chartered Surveyors (RICS). Overall workloads barely moved in Q4 of 2025, with the headline net balance marginally improving from…

Envelope specialist FK Group Ltd and two of its subsidiaries have staved off administration for up to an additional two weeks after filing new court notices. Erroneous reports last month in trade, regional and national press outlets said that FK Group Ltd, FK Construction Ltd and FK Facades Ltd had…

Scottish contracting and civil engineering firm RJ McLeod has reported improved turnover, pre-tax profit and margin, nearly 20 months after its acquisition by OCU Group. The Glasgow-based firm lengthened its accounting period from 30 October 2024 to 29 April 2025 to align with other OCU Group companies. It increased its…

Tier one contractor McLaren Construction’s annual turnover has exceeded £1bn for the first time and pre-tax profit almost doubled, as it eyes further growth to mark its 25th birthday this year. The firm hired more staff last year and is pursuing opportunities in the healthcare and data centre sectors, but…

British construction demand has fallen for a fourth consecutive year, putting jobs at risk and threatening future supply capacity, according to new data from the Mineral Products Association (MPA). The trade body said sales volumes for key construction materials reached historic lows in 2025, despite limited stabilisation late in the…

Major parts of the construction sector have secured “a resilient pipeline” in 2026, after higher costs hit performance in 2025. Increases in public and private investment across Belfast, Birmingham, Leeds and Manchester have boosted prospects in student accommodation, hotels, offices and homes, according to the latest edition of the Deloitte…

Wigan-headquartered Domis Construction has reported a turnover increase for the fourth consecutive year, although a “significant” unspecified provision hit its pre-tax profit. The contractor’s accounts for the year ending 30 April 2025 show a £253.4m turnover - a 56 per cent increase from the previous 12-month period when it recorded £162.6m.…

JRL Group has sunk further into the red after inflation took its toll, according to the firm’s latest accounts. The contractor’s chairman John Reddington said JRL had launched a strategic review of the business amid the “stubborn and persistent effects of inflation” in the 16 months to 30 April 2025.…